Vinyl > Stream

kim kardashian

It might sound unbelievable, but vinyl is actually overtaking streaming in terms of revenue, as the vinyl business is now the fastest growing music format in the United States.

Image via Flickr/Matthias Rhomberg
Image via Flickr/Matthias Rhomberg

“Overall, the music industry has become the most-digital in terms of traditional media outlets – magazines, newspapers – in terms of transition,” says Data analyst Joshua Friedlander in an interview with Digiday.

So far this year the vinyl sales have increased by 52% which is equivalent to around $222 million. And this is just in 2015! Streaming is also growing but not at near the same caliber as the vinyl sales. In 2015, the streaming revenue has increased 27% and earned $163 million, reveals the Recording Industry Association of America.

“Two-thirds of the market is still physical [CDs]. It used to be monolithic. Now it’s a mix of things, a revenue diversification that makes a more stable source to grow off of,” Friedlander says.

So you might you go to your local second hand store and get your hands on a gramophone player or an old Discman and listen to your records in real American style, as it seems to be the thing to do right now.

Image via Flickr/Petra Gagilas

About News Team

Hi, I'm Alex Perez, an experienced writer with a focus on lifestyle and culture news. From food and fashion to travel and entertainment, I love exploring the latest trends and sharing my insights with readers. I also have a strong interest in world news and business, and enjoy covering breaking stories and events.

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